Congress moves to restore state credit-reporting protections CFPB tried to kill
H.J.Res. 170 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws". · Filed by Maxine Waters (D-CA) · Introduced Apr 30, 2026 · Referred to committee
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What it does
This resolution uses the Congressional Review Act to block a CFPB rule that withdrew an earlier consumer-protection rule on state credit-reporting laws. The net effect: it restores the withdrawn rule, preventing the CFPB from rescinding state-level credit-reporting protections that had been in place under the Fair Credit Reporting Act.
Why we flagged it
This is a Congressional Review Act disapproval resolution that restores a consumer-protection rule by blocking the CFPB's withdrawal of it. The operative mechanism is straightforward: void the withdrawal, restore the rule.
What the text implies
- Restoring the rule may increase compliance costs for credit bureaus and lenders operating across state lines, as they will again face a patchwork of state-level credit-reporting requirements rather than uniform federal preemption.
- The resolution signals congressional intent to preserve state regulatory authority over credit reporting, potentially emboldening state attorneys general to enforce stricter credit-reporting standards.
The full analysis lists 3 implications of this text.
Who it affects
Restoring the withdrawn rule preserves state-level credit-reporting protections that limit federal preemption, giving consumers and state regulators stronger tools to enforce fair credit practices. Citizens retain remedies and regulatory oversight that the CFPB's withdrawal had eliminated.